Reference no: EM131711326

Question: Many predictions about the future come from regression equations. Use the following data from the Statistical Abstract of the United States to predict the number of college graduates with bachelor's degrees in the year 2011. Use the time period numbers rather than years in your calculations and carry four decimal places. Carefully choose which variable to call X and which to call Y

Time Period                      1              2               3                 4                5

Year                            2002          2003          2004           2005            2006

Graduates (millions)        1.29           1.35          1.40            1.44             1.49